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THE RIFLEMAN'S MUSEUM TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2025 Page Report of the Trustees Independent Examiners Report Statement of Financial A¢tivities Balance Sheet Notes to the Financial Statements 9 to 15
THE RIFLEMAN'S MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present their report with the financial statefflents of the charity for the year ended 31 December 2Q25. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES The legal object has been developed into a Mission Statement as follows.. The purpose of The Rifieman's Museum Trust is to collect, document, preserve and provide access to material relating to The Rifles and its antecedent rifle regiments, and to use and interpret this material for the education and benefit of members of the Armed Forces and the public of all ages and backgrourKJs. The Trustees, vision for the future is that The Rifleman's Museum should be wdely recognised as a dynamic and progressive constituent of Wincheste¢s Mil"rtary Museums and RIFLES heritage that capitalises on the excellents of its collection modern technology to reach out and provide information and an experience for visitors that excites, inspires, and educates, and that prompts them to retum generating sufficient income for the Museum to develop and flourish. The Museum's principal objectives during 2025 were: To atttact additional visitors and usets of all ages and backgrounds, and to be MO accessible to all, including electronically M01 M02 To optimise the use of resources and maximise revenue generation To manage, conseTve and improve use of the Museum Collection efficiently and effectively M03 M04 To develop as the 'hub' museum supporting The Rifles To exercise good governan and administer the Museum in accordance with best practice, managing staff effectively and providing development opportunities and improved working conditions M05 Public benofrt In the Trustees. view, the Mission Ststement is compliant wth the Charities Act 2006 and subsequent Charity Commission guidance, highlighting, explicitly and implicitiy, the public benefit arising from the Trusys use of its Gollection to educate the public at large and the current regiment about the character, activits'es and history of The Rifles and the British Army in general. In partiajlar, the Truses educational activities emphasise the importance of the interaction between the civil and military in developing a full understanding of the role, significance and advancement in the modem world of citizenship, human rights and conflict resolution. Page 1
THE RIFLEMAN'S MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMENTS AND PERFORMANCE In January 2025 the Museum changed ils name to The Rffleman's Museum and launched a new website. It also started a process to develop a new display, RIFLES 21st Century Operations. which would show the contribution The Rifles has made to UK Defence and Security since its fomiation in 2007. A designer was selected and an outline schematic of a proposed new layout produced whilst the museum collected artefacts and material from the regiment. In November. the Nabonal Lottery Heritage Fund awarded a grant of £218,000 allowing the project to start in December. The five Key Perf0Mian Indicators {KPls) (targets) used by Trustees to measure the Museum's achievements during 2025 have changed slightly to reflect new arrangements. Achievement is measured against 2024 where possible.. KPI 1 Admission. Achieve 13,500 recorded visits to the Museum in year at least 55¥0 of paid admissions attracting Gift Aid. Total admissions were 9246 compared with 9338 in 2024. Of these 5113 were free admissions (4,957 in 2024) which included 823 seniing soldiers and potential offi'cers. These numbers rernain well below our 13,500 target although visitor income was up to £23.775 (compared to £21,234 in 2024) probably attributable to an increase in gift aid and a redUd proportion of joint tickets which do not attract gift aid. 67 % of paid admissions attracted gift aid in 2025. KPI 2 - Trading. Increase shop sales and income from other trading. Shop income was disappointing this year with totals sales income of £28.196 against £34.730 achieved in 2024. Talks raised £3,071 {£2,429 in 2024), corporate hire £2,C66 (£4,115 in 2024) and Research £808 {£375 in 2024). KPI 3 - Communications. Achieve an average of 2,500 monthly visitors to the Museum webstte. Average monthly website wsits were 2,445 compared to 2,045 in 2024. Intent is to continue to increase social media engagement. Targets to follow. KPI 4 - Website Development. Intent is to grow the digital holding of stories, collection items and exhibitions to improve public access. Targets to follow. KPI 5 - Feedback. Maintain 90% of visitors surveyed rating the Museum Very Good, or better. of visitors reported very good or better. The museum still seeks to secure a lease for not less than 30 years on the Museum building. The MOD has been in touch V4ith the museum to confim ts long term support and work on the lease is expected to follow. FINANCIAL REVIEW The Trust Fund finished 2025 with net assets of £670,723 {£505,232 in 2024). As at 31 December 2025 the balance standing to the credit of each fund was. General (Unrestricted) Fund Development Fund Endowment Fund Oxf & Bucks Ll Fund £552.151 £60,751 £43,001 £14.820 (£390.959 in 2024) (£56,452 in 2024) (£43,001 in 2024) (£14,820 in 2024) Reserves It is Twstees, policy to maintain the 'free reserves, of the Charty - that in those unrestricted funds not committed or invested in tangible fixed assets at a level to provide sufficient funds to cover the managemen( administration and support costs of the Charity for a penod of 6 months V4llthout income from admission or trading. In fvlfilment of this policy, the Trustees aim in 2024 to retain free reserves of not less than £80,000, a sum which is presently covered by the credit balance held in the General (unrestricted) Fund. Page 2
THE RIFLEMAN'S MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 FUTURE PLANS In the next few years The Rifleman's Museum intends to: Increase the artefacts and stories held on the website so more of the collection is available remotely to riflemen and the general public. Build a new entran, shop and RIFLES section of the museum, entitled RIFLES 21st Century Operations, which shows how rifle regiment history is alive in the regiment today and how The Rifles contribute to the United Kingdom's defence and securty. Subject to funding, create a new referen and research library lo enable easier access for staff and the general public. Design mini exhibitions of rifle regiment history for installation in other museums in The Rifles netsvork when funds become available. STRUCTURE, GOVERNANCE AND MANAGEMEKr The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. The Rifleman's Museum is a MOD-sponsored and part-funded museum, accredited by the Arts Council (Registration No.. 959). The Rifleman's Museum Trust is a Charitable Incorporated organisats.on (No.. 1156207) approved by the Charity Commission with effect from 1 January 2015. The Museum has an operats.ng company (2193863). which generates income by trading through the Museum shop and which manages the charitable operation of the Museum on the Trust's behalf. The Trust provides grant-in-aid from its own income, including donations from its restricted funds. to assist the Trading Company in funding the Museum's charitable operations. The Board of Trustees has 10 elected and kn ex-officio TrUSts. Elected trustees are appointed for an initial period of five years. renewable up to a maximum of ten years. with provision to exceed ten years where circumstances require" the Board meets formalty three b.mes a year and is served when required by a Development Group to oversee continuous improvement of the Museum and its displays. An audit of Trustees, competencies is periodically carried out by the Board to ensure that its members collectively have the skills required for the Board to do its job properly as required by Charity Law. When gaps are identified, new Trustees are sought within the total number allowed. The names of potential candidates are then considered at a TNstees' meeting, with no formal approach made to potential candidates without the full agreement of the Board. If, after being approached. potential candidates indicate a readiness to serve on the Board, a meeting with the Chaimian is arranged at the Museum and. inter alia. the responsibilities of Trustees explained and the candidate's attention drawn to the latest edition of Charity Commission publications CC31CC3a. The potential candidate also receives an inducts.on pack induding a copy of the Trust Deed, the latest annual accounts and the minutes of recent meetings. If the candidate remains ready to be nominated as a Trustee, his or her name goes fonmard to the Board for election, or otherwise, at the next Board meeting. Any further induction required, including training, takes place thereafter. The Board meets fomially three times a year to review the operation of the Museum, including its financial position,. to make decisions regarding the future of the Museum. to approve the Forward Plan for the next two years, including the establishment of Key Perk)rnan Indicators and the budget for the year ahead. Day-to-day management of the Museum rests with the Museum Curator and her staff, who administer the Museum as directed by Trustees and the MOD. ststement of Risk The Trustees have considered the major risks to which the Charity could be exposed and have reviewed the systems and arrangements in pla to mitigate such risks", a risk register and ongoing system of review are in place. They are unaware of any irregularities, including fraud, involving the management or employees of the Charity, or of any instances of actual or possible non-complian with laws, regulab'ons or agreements, that might result in the Charity suffering significant penalties or other loss. Page 3
THE RIFLEMAN'S MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1156207 Prlncipal address Peninsula Barracks Romsey Road Winchester Hampshire Trnstees Brigadier J I S Plastow CBE- Chair Mr N J B Atkinson Mr C C Cohen Mr P Corbin Mr G C C Fetherstonhaugh KC Mrs S Heath-caldwell Colonel N Ilic MBE QGM Mr S J Little Dr R E Taylor MrSCWood Secretary Mrs Christine Pullen Independent Examlner P Underwood, ACA Morris Crocker Chartered Accountants Lake House 2 Port Way Port Solent Portsmouth Hampshire P06 4TY Solicitors Wedlake Bell 71 Queen Victoria Street London EC4V 4AY Banker5 Lloyds TSB Bank PIC 49 High Street Winchester Hampshire S023 9BU The Royal Bank of Scolland 67-68 High Street Winchester Hampshire S023 9DA Page 4
THE RIFLEMAN'S MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2026 Approved by order of the board of trustees on .............. . and signed on its b8hglf by: Brigadier Jrt Plastow CBE - Ttee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RIFLEMAN'S MUSEUM TRUST Independent examiner's report to the trustees of The Rifleman's Mus6um Trust I report to the charity trustees on my examination of the accounts of The Rifleman's Museum Trust (the Trust) for the year ended 31 December 2025. Responsibilities and basis of r8POrt As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trusys accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions gNen by the Charity Commission under Section 14515){b} of the Act. Independent examinerfs statement Since your charity's gross income exceeded £250, 000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. P Underwood, ACA Morris Crocker Chartered Accountants Lake House 2 Port Way Port Solent Portsmouth Hampshire P06 4TY 26 March 2026 Page 6
THE RIFLEMAN'S MUSEUM TRUST STATEMENT OF FINANCIAL AcTIVlEs FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds fund Endowment fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 235.434 4.299 239,733 147.547 Investment income 11,458 11,458 9,302 Totsl 246,892 4.299 251,191 156,849 EXPENDITURE ON Charitsble actlvities Rifleman's Museum 109.111 109,111 88,952 Net gains on investments 23,411 23,411 4,750 NET INCOME 161,192 4,299 165,491 72,647 RECONCILIATION OF FUNDS Total funds brought forward 405,779 56.452 43,001 505,232 432,585 TOTAL FUNDS CARRIED FORWARD 566.971 60,751 43,001 670.723 505,232 The notes form part of these financial statements Page 7
THE RtFLEMAN'S MUSEUM TRUST BALANCE SHEET 31 DECEMBER 2026 2025 2024 Notes FIXED ASSETS Investments 10 255,681 224.250 CURRENT ASSETS Debtors Cash 81 bank 11 19,346 398.881 9,041 272,629 418,27 287.670 CREDrroRS Amounts falling due within one year 12 (985> (688) NET CURRENT ASSETS 415.rh12 280,982 TOTAL A8SETS LESS CURRENT LIABIUTIES 670.723 505,232 NET ASSETS 670.723 505,232 FUNDS Unrestrtcted funds Restrlcted funds Endowment furKIs 14 $68,971 60,751 43,001 405,779 56,452 43,001 TOTAL FUNDS 670.723 505,232 The financial slatements were apJd by the Board of Trustees and authortsed for kssue on . and ye signed on its behalf by.. i &QW.-. BradIer&tprastc CBE - Trustee The notes form part of these financial slatements Page 8
THE RIFLEMAN'S MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entty under FRS 102, have been prepared in accordan with the Charits'es SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Pracb"ce applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial ststements have been prepared under the historical cost convention, wth the exptIOn of investments which are included at market value, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities On the charity has entitiement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendtture, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classifi'ed under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to parbcular headings they have been allocated to activities on a basis consistent with the use of resources. Investments Stocks 2nd shares quoted on the London Stock Exchange are included in the balance sh*t at their market value at the year end. The differences between the market value and the original cost of the investment are included in the Statement of Financial Actrvtties. No unquoted invesknents a held. Profits and losses arBing on the disposal of investments are included in the Statement of Financial Activities Grants offered subjeot to condttions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tanglble fixed assets Depreciation is provided at the following annual rates in order to vKite off each asset over its estimated useful life. Computsr equipment 33¥0 on cost Individual fixed assets o)Sb'ng £500 or more are capitalised at cosL Taxation The charity is exempt from tax on its charitable activities. Fund accountlng Urlrestricted funds can be used in accordan wtth the charitable objectives at the discretion of the trustees. Restricted fijnds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The Endowment Fund is a restricted fund intended for the care and preservation of the rnuseum collection and for the purchase of museum artefacts. The capital balan is held in a rnix of M&G Charibond and Charrfund Units and cash accounts with Royal Bank of Scotland and Lloyds Bank, Page 9 continued...
THE RIFLEMAN'S MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER2025 ACCOUNTING POLICIES - continued Fund accounting Development (Friends of the Museum) Fund. created in 2003 is a restricted fund whose income is derived from donations, gtft aid, and income from its capital. The capital balan is held in a mix of M&G Charibond and Charifund Units and cash accounts with Royal Bank of Scotland and Lloyds Bank. The Development Fund may be used for anything contributing to the overall development of the museum in its widest sense and is restricted only in that expenditure from the fund is recorded and briefed back to the Friends of the Museum annually. The Oxfordshire & Buckinghamshire Light Infantry Fund {OBLI fund) is a designated fund created from money received on the closure of the OBLI fund in 2008 and eamiarked for the time being by the RGJ Museum Trustees principally but not exclusively to finance the continuing care, aCsS to. and display of the former OBLI collection at Winchester and in Oxfordshire. The capital balan is held in a mix of M&G Charibond and Charifund Units and cash accounts with Royal Bank of Scotland and Lloyds Bank. Heritage assets It is the policy of the Trust not to capitalise heritage assets belonging to the Museum. These are in effect inalienable and are mostly Ieplaceable. Any financial based valuation would be misleading to the value and Significan of the material culture involved. The Trust has a clear duty of care for these assets and to make them available for the enjoyment and education of the public as far as is possible, commensurate with their long term care and preservation. The highest possible standards of collection management are applied. Financial Instruments The charity only enters into basic financial instruments transactions that result in the recognition of fi'nancial assets and liabilities like trade and other accounts receivable and payable and investments in stocks and shares. The measurement basis used for these instruments is detailed below. Debtors and cash at bank Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand included cash held on deposit or in a current account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlemenl amount after allowing for any trade discounts due. DONATIONS AND LEGACIES 2025 2024 Donations Grants 22.243 217,490 18,094 129,453 239.733 147,547 Page 10 continued...
THE RIFLEMAN'S MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 DONATIONS AND LEGACIES - contlnued Grants reIved. included in the above, are as follows.. 2025 2024 Regimentsl and AMOT grants National Lottery Heritage Fund 108,490 109,000 129,453 217,490 129.453 INVESTMENT INCOME 2025 2024 Deposit account interest Interest invested in M&G investments 3,436 8,022 2,011 7,291 11,458 9,302 All investment income is derived from assets held in the United Kingdom. CHARITABLE AcTIVlEs COSTS Grant funding of activities (see note Support costs (see note 6) Direct Costs 5) Totals Rifleman's Museum 35 107.772 1,304 109,111 GRANTS PAYABLE 2025 2024 Rifleman's Museum 107,772 88,072 The total grants pa to insb'tuts'ons during the year was as follows.. 2025 2024 Rifleman's Museum Trading Company Ltd 107,772 88,072 Page 11 continued...
THE RIFLEMAN'S MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 SUPPORT COSTS Governance costs Finance Totals Rifleman's Museum 26 1.278 1,304 Support costs. included in the above, are as follows". Finance 2025 Rifleman's Museum 2024 Total activities Bank charges 26 Governance costs 2025 Rifleman's Museum 2024 Total activities Independent examiners fees 1,278 672 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the year ended 31 Dember 2025 nor for the year ended 31 December 2024. Trustees. expenses During the year there were no trustees expenses (2024: none}. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- 2020 Unrestricted Restricted Endowment funds fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 143,132 4,415 147.547 Investment income 9,302 9,302 Total 152.434 4.415 156,849 EXPENDITURE ON Charitable activities Rifleman's Museum 88,952 88,952 Net gains on investments 3.373 332 1,045 4,750 NET INCOME 66,855 4,747 1,045 72,647 RECONCILIATION OF FUNDS Total funds brought forward 338,924 51,705 41,956 432,585 Page 12 continued...
THE RIFLEMAN'S MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2020 - continued Unrestricted Restricted Endowment funds fund fund Total funds TOTAL FUNDS CARRIED FORWARD 405.779 56,452 43,001 505,232 TANGIBLE FIXED ASSEts Computer equipment COST At 1 January 2025 and 31 December 2025 3.511 DEPRECIATION At 1 January 2025 and 31 December 2025 3.511 NET BOOK VALUE Al 31 December 2025 At 31 December 2024 10. FIXED ASSET INVESTMENTS The quoted Investments held at 31 December 2025 comprised: 2025 2024 UK fixed interest UK equity 255,680 224,249 255.680 224,249 There are three material holdings within the value of the quoted investrnents. 289 M&G Charity Funds Accumulation Units (UK equity) with a value of £117.931 (2024.. £94,653), 438 M&G Charity Multi Asset Fund Accumulation Units were purchased in the year with a value of £61,807 and 297 COIF Accumulation Units with a value of £75,942 (2024.. £77,452). 1250 M&G Charity Bond Accumulation Unrts valued at £53,293 were sold during the year. 11. DEBTORS: AMOUNTS FALLING DUEWITHIN QNE YEAR 2025 2024 Other debtors 19,346 9,041 Page 13 continued ..
THE RIFLEMAN'S MUSEUNI TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors 985 688 13. ANALYSIS OF NEf ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted funds Restricted fund Endowment fijnd Investments Current assets Current liabilities 183,860 384.096 (985) 17,336 43,415 54,485 {11,484) 255.681 416.027 {985) 224,250 281,670 {688) 566,971 60.751 43,001 670,723 505,232 14. MOVEMENT IN FUNDS Net movement in funds At 31.12.25 At 1.1.25 Unrestricted funds General fund The Oxf & Bucks Ll Fund 390,959 14.820 161.192 552,151 14,820 405.779 161,192 Restricted funds Friends development fund 566,971 56,452 4,299 60,751 Endowment funds Endowment fund 43,001 43.001 TOTAL FUNDS 505,232 165,491 670,723 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 246,892 (109,111) 23,411 161,192 Restricted funds Friends development fund 4,299 4,299 TOTAL FUNDS 251,191 (109,111) 23,411 165,491 Page 14 continued...
THE RIFLEMAN'S MUSEUM TRUST NOTES TO THE FINANCIAL STATEhHENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 14. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund The Oxf & Bucks Ll Fund 324,465 14,459 66,494 361 390.959 14,820 338,924 66,855 Restrfcted funds Friends development fund 405,779 51.705 4,747 56,452 Endowment funds Endovmient fund 41,956 1,045 43,001 TOTAL FUNDS 432,585 72,647 505,232 Comparab've net movement in funds. included in Ihe above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund The Oxf & Bucks Ll Fund 152.215 219 (88,952) 3,231 142 66,494 361 152.434 (88,952) 3,373 Restrlcted funds Friends developrnent fund 66,855 4.415 332 4,747 Endowment funds Endowment fund 1,045 1,045 TOTAL FUNDS 156.849 (88,952) 4,750 72,647 IS. RELATED PARTY DISCLOSURES The Rifleman's Museum Trust received grants of £52,000 (2024.. £52,000) from the Rifles Regimental Trust of which £27,000 was reIVed from The Royal Green Jackets Fund. The Ritleman's Museum Trust made a grant of £107,772 (2024: £88,072) to The Rifleman's Museum Trading Company Limited. Brigadier James lan Stuart Plastow, who is a Trustee of The Rifleman's Museum Trust, is also a Director of The Rrfleman's Museum Trading Company Limited. Page 15